Dilip Cherian | Disinvestment agenda gets a push: BPCL, LIC among targets

The protracted but ultimately successful Air India sale has recharged the government’s resolve to expedite its disinvestment efforts

After Air India, govt to disinvest BPCL, float LIC IPO by last quarter of FY22

Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government

They recalled that all unions have been promised their leave encashment

The govt on October 8 had announced that Tatas have won the bid to acquire Air India for Rs 18,000 crore

Tata Sons were up against Spicejet promoter Ajay Singh-led consortium who had bid Rs 15,100 crore

Earlier this month the finance ministry said it had received bids for the airline, but did not name the bidders

The proposed handover is a key victory for PM Modi, who has embarked on a bold privatization plan to plug a widening budget deficit

The government declined to share any details on expectations from the sale of Air India

Earlier on Sunday, an Air India flight AI244 carrying 129 passengers had arrived in Delhi from Kabul

The move surprised many since it is widely believed that Sushil Kumar is a trusted officer of the ED chief